Commonwealth Numbered Acts

MOOMBA-SYDNEY PIPELINE SYSTEM SALE ACT 1994 No. 70, 1994 - SECT 163

163. In this Part, unless the contrary intention appears:

"repeal day" means:

   (a)  the day notified by the Minister in the Gazette for the purposes of
        this Part; or

   (b)  31 December 1996; whichever occurs first;

"residual assets" means:

   (a)  any legal or equitable estates or interests in real or personal
        property, including contingent or prospective ones; and

   (b)  any rights, privileges and immunities including contingent or
        prospective ones; of the Authority immediately before the repeal day;

"residual instruments" means instruments that are in force immediately before
the repeal day:

   (a)  to which the Authority is a party; or

   (b)  that were given to, by or in favour of the Authority; or

   (c)  in which a reference is made to the Authority; or

   (d)  under which any money is or may become payable, or any other property
        is to be, or may become liable to be, transferred, conveyed or
        assigned, to or by the Authority;

"residual liability" means liabilities and duties of the Authority, including
contingent and prospective ones, immediately before the repeal day.